Core Points - IonQ will release its financial results for Q3 2025 on November 5, 2025, after market close [1] - A conference call to discuss the results and business outlook will be held on the same day at 4:30 PM Eastern time [2] - The company aims to deliver quantum computers with 2 million qubits by 2030 to enhance innovation across various sectors [5] Company Overview - IonQ is a leading quantum company providing solutions for complex problems, with notable clients including Amazon Web Services, AstraZeneca, and NVIDIA [4] - The company has been recognized in several prestigious lists, including Fortune Future 50 and Forbes' 2025 Most Successful Mid-Cap Companies [6] - IonQ's technology is accessible through major cloud providers, making quantum computing more impactful [6]

Core Insights - The article discusses the significant risks facing Wall Street's leading quantum computing stocks, which have experienced a parabolic rally, highlighting the potential for a bubble and the challenges these companies may face in sustaining growth and profitability [1][4]. Industry Overview - Quantum computing is positioned as a transformative technology that leverages quantum mechanics to solve complex problems beyond the capabilities of traditional computers, with applications in drug discovery, AI enhancement, and cybersecurity [3]. - The economic potential of quantum computing is estimated to reach or approach $1 trillion in global economic value by 2035 to 2040, suggesting a substantial market opportunity for multiple companies [4]. Company Performance - The leading quantum computing companies, including IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing, Inc., have seen significant stock price increases over the past year, with gains ranging from 620% to 5,710% [9]. - Despite the impressive stock performance, these companies are currently facing substantial operational losses, indicating a need for capital-raising efforts that may dilute existing shareholders [8][10]. Valuation Concerns - The current price-to-sales (P/S) ratios for these quantum computing stocks are historically high, with estimates suggesting P/S ratios between 30 and 90 for 2029, which are not sustainable based on historical trends [12]. - The article draws parallels to past technology bubbles, suggesting that the current hype surrounding quantum computing may lead to similar outcomes as seen with previous innovations [6][7]. Competitive Landscape - The "Magnificent Seven" companies, which dominate the AI and cloud computing sectors, pose a significant threat to the pure-play quantum computing stocks due to their substantial financial resources and operational cash flow [14][16]. - Companies like Amazon are already integrating quantum computing services, which may limit the market opportunities for smaller quantum computing firms that lack the same level of capital and infrastructure [15].

Core Insights - The quantum computing sector has gained significant attention in 2025, driven by the increasing demand from AI, with a combined market cap of over $50 billion for key players like IonQ, Rigetti, D-Wave, and Quantum Computing Inc. [1] - Stock performance for quantum computing companies has been remarkable, with IonQ rising by 92%, Rigetti by 274%, and D-Wave by 400%, largely due to the strong connection between AI and quantum technologies [2] - AI and computing expenditures are expected to remain high through 2026, with quantum revenues projected to transition into actual bookings, and McKinsey estimates the quantum industry sales to reach around $1 billion by 2025, with a long-term market potential of $198 billion by 2040 [3] Company Insights - IonQ's CEO, Niccolò De Masi, has made bold claims about quantum computing potentially replacing current AI engines, challenging Nvidia's dominance in the AI space [4][5] - De Masi emphasizes the transformative potential of quantum processors (QPUs), suggesting they could eventually supplant GPUs, which currently dominate the market [6][7] - IonQ's latest hardware, Tempo, reportedly offers a computational capacity 36 quadrillion times larger than IBM's equivalent, outperforming nearly a billion GPUs, and has demonstrated significant efficiency in specific benchmarks [8]

Core Viewpoint - Martin Shkreli is shorting quantum computing stocks, criticizing their valuations and business models, while the stocks are experiencing a rally, leading to tension between bullish and bearish investors [1][4]. Group 1: Shkreli's Criticism of Quantum Computing Stocks - Shkreli has expressed skepticism about the commercial viability of quantum computing, accusing companies of inflating revenues through gimmicks and desperate acquisitions [2]. - He has labeled IonQ as "one of the best shorts" in his career, questioning the performance and reliability of IonQ and Rigetti's devices [3]. - D-Wave Quantum has been described by Shkreli as a "dead-end," citing its lag behind classical computing and a lack of support from DARPA [3]. Group 2: Market Reactions and Shkreli's Position - Quantum stocks have seen significant increases, with IonQ rising by 15%, D-Wave by 25%, and Rigetti by 21% in a recent rally [4]. - Shkreli has publicly expressed frustration regarding the pressure on his short positions due to the rally, indicating that he feels "far from okay" about the situation [4]. - Despite the rally, Shkreli maintains that the surge in quantum stocks is a "bubble" that is disconnected from the actual technological and commercial realities [4].

Group 1 - IonQ, Inc. is recognized for its focus on quantum computing, providing access to quantum computers and developing related hardware, security, and detection systems [1] - Jim Cramer commented on IonQ's financial performance, labeling it as "loss-making" and suggesting that the company may need to pursue stock offerings to raise capital, similar to trends observed during the internet crash of 2000 [1] - There is a belief that while IonQ has potential as an investment, other AI stocks may present greater upside potential and lower downside risk [2] Group 2 - The article mentions a report highlighting extremely undervalued AI stocks that could benefit from current economic trends, such as Trump-era tariffs and the onshoring movement [2]

Core Viewpoint - Shares in America's "Quantum Four" quantum computing companies experienced significant gains, with stock prices increasing by double-digit percentages [1] Group 1 - D-Wave, IonQ, Quantum Computing, and Rigetti are the four companies identified as the "Quantum Four" [1] - The surge in stock prices indicates a growing investor interest in the quantum computing sector [1] - The double-digit percentage increases reflect a strong market response to developments within the quantum computing industry [1]

We recently published Jim Cramer Discussed These 11 Stocks & The Market’s 3rd Bull Run Anniversary. IonQ, Inc. (NYSE:IONQ) is one of the stocks Jim Cramer recently discussed. IonQ, Inc. (NYSE:IONQ), a quantum computing hardware and software services provider, is a frequent feature of Cramer’s morning show. In this appearance, he discussed the firm’s recent $2 billion equity offering: “Well just because of, I was talking to Carl the other day, when you want to see a peak in this Sherwood Forest that I’m t ...

IonQ stock is moving higher. Here's why.Shares of IonQ (IONQ 18.39%) are jumping on Monday, up 19.3% as of 2:05 p.m. ET. The spike comes as the S&P 500 (^GSPC 1.34%) and the Nasdaq Composite (^IXIC 2.05%) both saw green.A leader in the quantum computing space, IonQ's stock is gaining after JPMorgan Chase announced this morning that it will invest $10 billion in industries and technologies it considers strategically important as part of its Security and Resiliency Initiative. Quantum computing is one of 27 i ...

Core Themes in Quantum Computing Industry - Throughout Q3 2025, major quantum firms focused on liquidity and runway, with IonQ, Rigetti Computing, and D-Wave Quantum completing significant equity offerings to strengthen cash reserves amid rising R&D costs [1] - Vendors reported tangible technological advancements, including Rigetti's 36-qubit multi-chip quantum computer and IBM's Quantum System Two deployment in Japan [2] - Commercial partnerships gained traction, with Quantinuum and IBM forming strategic collaborations to test early quantum applications in various sectors [3] Company-Specific Insights IonQ - IonQ is expected to continue strong topline growth with a focus on reinvestment rather than immediate profitability, having raised $1.0 billion in July to support its aggressive strategy [7] - The company is expanding its technology portfolio through acquisitions, including Oxford Ionics and Vector Atomic, enhancing its capabilities in quantum sensing and PNT [7] - IonQ is projected to report a loss of $0.24 per share and revenues of $27.02 million, reflecting a 117.9% year-over-year improvement [8] Rigetti Computing - Rigetti is anticipated to show modest revenue growth amid investment and execution risks, having launched its 36-qubit system and secured $5.7 million in new orders [9] - The company reported $1.8 million in revenue and a net loss of $39.7 million, but improved its balance sheet with a $350 million equity raise [10] - Rigetti is expected to report a loss of $0.05 per share and revenues of $2.39 million, a slight year-over-year improvement [11] D-Wave Quantum - D-Wave is positioned for operational momentum with a strong liquidity base of $819 million, focusing on R&D and commercialization [12] - The launch of the Advantage2 quantum computer is expected to contribute positively to Q3 revenues, alongside new partnerships in various sectors [12] - D-Wave is projected to report a loss of $0.07 per share and revenues of $3.12 million, marking a 66.8% year-over-year improvement [13]

Quantum computing stocks jumped Monday, continuing their roller-coaster ride in 2025. Amid their market volatility, investors watching quantum stocks should pay attention to a key IBD metric — average true range. On the news front, IonQ (IONQ) on Monday claimed advances in simulating chemical reactions in collaboration with a top automotive manufacturer. Quantum computing stocks have been volatile in 2025 amid controversy involving Nvidia (NVDA) CEO Jensen Huang, who initially cast doubt over how soon comme ...